Friction Modifiers Additives are additives used in engine oil to reduce friction and emissions and among these MoDTC is expected to grow at a faster rate in the inorganic segment. Organic segment is expected to expand at a higher rate in comparison to the inorganic segment in terms of volume. The global Friction Modifier Additives Market was valued at around US$ 1,236.5 Mn in 2016, and is expected to register a CAGR of 4.0% over the forecast period (2017–2027).

An increase in investment of individuals towards maintenance of their vehicles is expected to drive the Friction Modifier Additives Market during the forecasted period. Manufacturers are expanding their manufacturing capacities in emerging regions like Asia Pacific and this is expected to have a positive effect on the growth of the Friction Modifier Additives Market.

Cheaper substitutes of friction modifier additives, such as dispersant additives, detergent additives, extreme pressure, oxidation and corrosion inhibitor anti-wear agents and oiliness agents that are easily available for different lubricant applications are expected to restrain the growth of the Friction Modifier Additives Market. Also, the decline in oil prices since the second half of 2014 is anticipated to have a negative impact on prices of base oil and friction modifier additives.

Major players involved in the Friction Modifier Additives Market lay emphasis on acquisitions, partnerships, collaborations and expansions in order to enhance their operational efficiency. Also, strategic collaboration and joint venture is expected to improve their sales and distribution network. Industry players, over the recent past, have been channelising efforts towards innovative product development.

Global Friction Modifier Additives Market: Segmentation and Forecast

The global Friction Modifier Additives Market is segmented on the basis of Product Type, Application and Region. On the basis of Product Type, the global Friction Modifier Additives Market is segmented into Organic and Inorganic. On the basis of Organic Product type, the global Friction Modifier Additives Market is segmented into Polymers, Fatty Acids and Esters & Amides. On the basis of Inorganic Product Type, the Friction Modifier Additives Market is segmented into MoDTC, MoS2 and Graphite. On the basis of Application, the global Friction Modifier Additives Market is segmented into Automotive Lubricants, Industrial Lubricants, Aviation Lubricants, Rail Lubricants and Power Generation Lubricants. Key regions covered in the report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA).

Global Friction Modifier Additives Market Analysis, by Region

From a regional perspective, the Friction Modifier Additives Market in Asia Pacific excluding Japan (APEJ) is projected to witness a relatively faster growth rate over the forecast period. Asia Pacific is estimated to account for a share of more than 30% in the overall market value by 2027 end. The market in APEJ is expected to register a CAGR of 4.2 % in terms of value over the forecast period. The Friction Modifier Additives Market in North America is expected to reach US$ 453.4 Mn by the end of 2027, increasing at a CAGR of 4.1% over the forecast period. Market growth rate in North America and Western Europe is expected to remain relatively higher as compared to the global average between 2017 and 2027.

Future market Insights (FMI) analyses the Friction Modifier Additives Market in its new publication titled “Friction Modifier Additives Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027”. The main objective of the report is to identify dynamics in the market and provide recent updates and insights pertaining to various segments of the Global Friction Modifier Additives market. To provide better understanding of the market, the report also includes analysis of drivers, restraints, and trends that influence the current market scenario and are expected to impact the Global Friction Modifier Additives market over the forecast period. The study provides data for 2016 along with a comprehensive market forecast for the period 2017–2027.

Market Segmentation

Product Type

Application

Region

Organic

Polymer

Fatty Acids

Esters & Amides

Inorganic

MoDTC

MoS2

Graphite

Automotive Lubricants

Industrial Lubricants

Aviation Lubricants

Rail Lubricants

Power Generation Lubricants

North America

Asia Pacific Excl. Japan (APEJ)

Western Europe

Eastern Europe

Latin America

Middle East and Africa (MEA)

Japan

Report Description

To understand and assess market opportunities and trends, the global Friction Modifier Additives market report is categorically split into different sections based on Product Type, Application and Region. The report starts with the market overview and provides market definition and taxonomy along with supply chain, drivers, restraints, and trends in the market. The sections that follow include global Friction Modifier Additives market analysis – Product Type, Application and Regional/Country level analysis. All the above sections evaluate the market on the basis of various factors affecting the market. Each section discusses the qualitative and quantitative aspects of the global Friction Modifier Additives Market. To give a brief idea about revenue opportunities from application and region/country-wise segments, the report also provides market value (US$ Mn) data, absolute $ opportunity, and total incremental opportunity for each segment over the forecast period (2017-2027).

In the final section of the report, we have provided a detailed competition landscape with company market share and performance, in order to provide report audiences with a dashboard view of key players operating in the global Friction Modifier Additives market along with their business strategies. This would enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly.

Research Methodology

For market data analysis, we have considered 2016 as the base year, with market numbers estimated for 2017 and forecasts made for 2017–2027. The report considers the market size of the Friction Modifier Additives market at a global level, and splits and evaluates the market at a regional level. The forecast assesses the total revenue (US$ Mn) of the global Friction Modifier Additives market. In order to provide an accurate forecast, we have started by sizing up the current market, which forms the basis of how the global Friction Modifier Additives market is expected to develop in the future. The critical market data, including the base number and segment splits, has been devised through in-depth secondary research. This data is then triangulated on the basis of different verticals, considering both supply side and demand side drivers and other dynamics of the various regional markets, along with primary interviews of Friction Modifier Additives manufacturers, distributors and suppliers, and industry experts operating in the global Friction Modifier Additives market. The forecast presented in the report evaluates the actual market size (US$ Mn) in 2016 with regard to Friction Modifier Additives and the expected market value in the global Friction Modifier Additives market over the forecast period.

We have also analysed the different segments of the global Friction Modifier Additives market in terms of basis point share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying the various key trends governing the global Friction Modifier Additives market. The report also analyses the global Friction Modifier Additives market based on the absolute dollar opportunity. This is usually overlooked while estimating the market forecast. However, from a business development perspective, absolute dollar opportunity is essential to identify potential resources in the Friction Modifier Additives market. Moreover, FMI has developed a market attractiveness index to understand the key segments in terms of their performance and growth in the global Friction Modifier Additives market. This market attractiveness index would help clients identify real market opportunities in the global Friction Modifier Additives market.